The pound started a session with a strong upward move and is trading near the key resistance now
GBPUSD started Monday’s session with an upward move. Looking at the H4 chart from a technical point of view, one can see the pair has reached the key resistance . Should the sellers halt an upward move at the 1:1 structure marked with the red rectangle on the screen below, another downward swing may start. On the other hand, if bulls maintain the uptrend, resistance at 1.2985 may be at risk.
GBPUSD H4 interval. Source: xStation5
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